The transaction will only turn out to be important if it is the priming of a financial pump that then gushes a flow of Chinese money into British roads, rail, hospitals and the other things that our indebted government is struggling to afford.

BBC: Why the chancellor wants China's cash

There are some systems that actually will take a circle and drop it just below the surface of the water and have the oil kind of flow into it, almost like a drain, recover it and pump it out.

WHITEHOUSE: Daily Press Briefing

And that, despite claims that this would somehow -- this pipeline would somehow solve the pain that families are feeling at the pump today, the company itself has said it would take years before a single drop of oil would flow through that pipeline.

WHITEHOUSE: Press Briefing